A $700 Billion Boondoggle
Monday, February 8, 2010
One of the key initiatives that President Obama announced during the State of the Union address was a freeze on federal spending increases, and one key area of spending he made a point of exempting was the defense budget. That reminded me of this essay on US military spending by the Cato Institute’s Doug Bandow. He does a fine job of listing the threats the United States faces in the world and our analyzing our ability to meet them, but one statistic jumped out at me: for 2010 the Pentagon budget will be roughly $700 billion, this, Bandow notes, is only a little more than the inf
